Canada: Graphite Market 2024

Graphite Market Size in Canada

The Canadian graphite market reduced slightly to $X in 2021, standing approx. at the previous year. Over the period under review, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +13.9% against 2019 indices. Graphite consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Graphite Production in Canada

In value terms, graphite production shrank to $X in 2021 estimated in export price. In general, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +116.3% against 2013 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 61%. Over the period under review, production hit record highs at $X in 2020, and then contracted in the following year.

Graphite Exports

Exports from Canada

In 2021, graphite exports from Canada surged to X tons, growing by 76% compared with the previous year's figure. Over the period under review, exports, however, recorded a noticeable decline. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, graphite exports soared to $X in 2021. In general, exports, however, recorded a pronounced descent. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for graphite exports from Canada, accounting for a 83% share of total exports. Moreover, graphite exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold. The third position in this ranking was held by Spain (X tons), with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+17.9% per year) and Spain (+5.9% per year).

In value terms, the United States ($X) remains the key foreign market for graphite exports from Canada, comprising 80% of total exports. The second position in the ranking was taken by Germany ($X), with a 4.9% share of total exports. It was followed by Mexico, with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+14.9% per year) and Mexico (+14,523.5% per year).

Export Prices by Country

The average graphite export price stood at $X per ton in 2021, reducing by -5.6% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 17%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then reduced in the following year.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Graphite Imports

Imports into Canada

In 2021, overseas purchases of graphite (natural) were finally on the rise to reach X tons after three years of decline. Overall, imports, however, continue to indicate a deep slump. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, graphite imports soared to $X in 2021. Over the period under review, imports, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2014 with an increase of 92%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest graphite supplier to Canada, with a 74% share of total imports. Moreover, graphite imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to -6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.9% per year) and Mexico (-24.1% per year).

In value terms, the United States ($X) constituted the largest supplier of graphite to Canada, comprising 60% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.8% per year) and Mexico (-24.4% per year).

Import Prices by Country

In 2021, the average graphite import price amounted to $X per ton, picking up by 3.1% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, graphite import price increased by +22.7% against 2018 indices. The pace of growth appeared the most rapid in 2014 an increase of 51%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Mexico ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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